Sean Parnell, we welcome you as our newest member of the Corrupt Bastards Club.
we need to roll back all restrictions and start drilling our own oil and tell the arabs to go mess with themselves. we are DONE.
Calling all Palin fans who think she is the greatest thing since sliced bread! These increased taxes had her blessing. She used the money to buy votes. It is what pols always do.
Oil field flow rates in Alaska have been on the decline for years. Because flows are low, companies have technical challenges getting to the oil and are understandably nervous about risking leaks. They are probably years away from offshore sources of oil.
25 percent tax on net profits, or the value of the oil minus operating expenses and pipeline and tanker charges. That compares with the 22.5 percent Petroleum Profits Tax passed in 2006. The tax rate rises when oil prices are high.
Protection when oil prices are low. The big fields of Kuparuk and Prudhoe Bay would pay at least a 10 percent gross tax on the oil's value. This tax on the gross -- before operating expenses are deducted -- would be instead of a tax on net profits, not in addition to it.
Palin raised the tax on oil companies from 22.5% to 25%. But it should have stayed exactly the same as it was under Murkowski? Those companies took huge advantage of corrupt politicians. They took money out of the state and from the people.
Unlike in other states, each Alaskan actually benefitted from the oil tax increase, in the form of an annual rebate of at least $1200, and a state government that had a surplus. Alaska does not have a state income tax or a sales tax. So they should lower the oil tax and then institute an income tax or a state sales tax? The oil industry in Alaska funds everything. Oil and all natural resources in the state are owned by Alaskans.